Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
July 5, 2022: -Germany’s road traffic agency determined Tesla models Y and three because of a fault in the automatic emergency call system affecting almost 59,000 vehicles worldwide.
The KBA watchdog said on its website on June 29 that a software flaw caused a breakdown of the eCall, designed to automatically contact emergency responders in the event of a severe accident.
German regional broadcaster Rundfunk Berlin-Brandenburg, which serves the region home to Tesla’s German model Y and battery production site in Berlin, first conveyed the recall on Saturday.
KBA said 59,129 vehicles were affected globally but did not specify how many of those were recorded in Germany.
On Saturday, the software glitch was a counted headache for Chief Executive Officer Elon Musk after Tesla said it had 17.9% fewer electric vehicles in the second quarter than the previous quarter, as China’s Covid-19-related shutdown disrupted its production and supply chain.
In the previous month, Musk said that Tesla’s recent factories in Texas and Berlin are “losing billions of dollars” as they struggle to grow production as of a shortage of batteries and Chinese port issues.
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In June, the U.S. National Highway Traffic Safety Administration (NHTSA) upgraded its probe into 830,000 Tesla vehicles with the cutting-edge driver assistance plan Autopilot, a required action before it could seek a recall.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
